Reliance Power Q4 profit jumps on lower tax expense
Reliance Power reported a consolidated profit of Rs216 crore for the quarter ended 31 March 2017
Mumbai: Reliance Power Ltd posted more than a three-fold increase in March quarter consolidated profit, helped by a 40% fall in tax expenses during the period.
The company, which is part of billionaire Anil Ambani’s Reliance Group, reported a consolidated profit of Rs216 crore for the quarter ended 31 March 2017, the company said.
Fourth-quarter consolidated revenue from operations stood little changed at Rs2,466 crore.
The company had posted a rise in its quarterly profit in three of the four quarters preceding March quarter, according to Thomson Reuters data. Reuters
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